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Property profile & analytics
OFF-MARKET
Retail space
103 Lafayette St Shelby, NC 28150-4445
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-2698444
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1904
Total area
3,414 SF
Lot
0.04 ac (1,820 SF)
Zoning code
CB
APN
17050
UPID
US53-2698444
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair By Kylee Lane Hair Salon Nail Salon
-
Earl Scruggs Center Event Venue Museum
-
HiLO (Bike/Boat/Book/etc) Store Corporate Office
-
Hair Designs by Alexis Hair Salon
-
Amanda at Dye Pretty Uptown Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Prime Tip Steakhouse LLC · 8 yrs held
Prime Tip Steakhouse LLC
since 2018
4 recorded transactions
Zoning & alternative use
CB · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CB central business district is primarily intended to accommodate a wide variety of commercial activities, particularly those that are pedestrian oriented, in an intensive development pattern in the city central business district (CBD), the regulations of this district are intended to preserve the general character and integrity of the current developmen…
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
45.34 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$875
Tax year 2024
Assessed value
$60,148
Assessed 2023
Previous assessed
$60,148
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$15,912
Assessed improvement
$44,236
Land market value
$15,912
Improvement market value
$44,236
Total market value
$60,148
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1904
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Total area
3,414 SF
Lot
0.04 ac (1,820 SF)
Zoning code
CB
APN
17050
UPID
US53-2698444
Jurisdiction
CLEVELAND
Zoning & alternative use
CB · Shelby, NCZoning CB · permitted uses
CB · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CB central business district is primarily intended to accommodate a wide variety of commercial activities, particularly those that are pedestrian oriented, in an intensive development pattern in the city central business district (CBD), the regulations of this district are intended to preserve the general character and integrity of the current development in the CBD encourage land uses which provide for a multi purpose CBD including retail, offices, professional and personal services, entertainment, institutional uses and living space encourage land uses which do not require large amounts of outdoor use areas encourage common or shared off street parking and encourage the continued use of land for governmental activities, multi family residential uses are permitted at the same density and according to the same dimensional requirements as the R6 residential district
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
45.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1904
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Prime Tip Steakhouse LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5535 KINCROSS LN, CHARLOTTE, NC 28277-7712
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
$25,100
Prime Tip Steakhouse LLC
Putnam,michael E & Donna K
Warranty Deed
—
Nov 9, 2005
—
Michael E Putnam
Branch Banking & Trust
Grant Deed
related
$75,000 · First Nat'l Bk/sterling City
—
—
Michael E Putnam
—
Loan Modification
related
$59,241 · First National Bank
—
—
Curtis W Chambless
—
Deed Of Trust
related
$80,000 · Carolina First Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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